LNL AGENTS’ 401(K) SAVINGS PLAN Contribution & Employer Match

How LINCOLN NATIONAL LIFE INSURANCE COMPANY Supports Your Retirement Savings

LINCOLN NATIONAL LIFE INSURANCE COMPANY provides retirement savings benefits through LNL AGENTS’ 401(K) SAVINGS PLAN. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.

* Data are from public filings.

Are You Leaving Dollars on the Table?

If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.

Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.

LNL AGENTS’ 401(K) SAVINGS PLAN Contribution & Match Policy

1. Employee Contribution Rates: Employees can contribute between 1% and 50% of their eligible earnings (15% for highly compensated agents).

2. Employer Match/Contribution Conditions: The employer matches 50% of employee contributions for participants who are not Agency Building General Agents or 100% for Agency Building General Agents, not to exceed 6% of eligible earnings. Additionally, there may be a discretionary matching contribution of up to 50%.

3. Vesting Schedule/Eligibility: The vesting schedule for employer contributions is as follows: less than 2 years of service = 0% vested, 2-3 years of service = 50% vested, and 3 or more years of service = 100% vested. Participants become fully vested upon termination due to death, disability, or upon reaching normal retirement age.

4. Roth 401(k) contribution: The plan allows Roth 401(k) contributions.